Economic Development Corp of Utah logo

Economic Development Corp of Utah

Public charity · Grantmaker Salt Lake City, UT EIN: 74-2502619 Website

Economic development corporation of Utah (edcutah) serves as a catalyst for quality job growth and increased capital investment by assisting in-state companies to grow and recruiting out-of-state companies to expand and relocate into Utah.

Key facts about Economic Development Corp of Utah

In short: Economic Development Corp of Utah reported $17K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.

EIN
74-2502619
Latest 990 filing
Form 990, 2025
Grants paid (2025)
$16,595 — reported as a total on the IRS filing, without an itemized list
Total assets
$2,675,176

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$2.7M

-23.7% YoY

Grants Paid (reported total)

$17K

Revenue

$1.5M

-24.4% YoY

Net Investment Income

$27K

-1.7% YoY

About Economic Development Corp of Utah

Based on IRS filings

Economic Development Corp of Utah is a public charity focused on Community Improvement & Capacity Building, based in Salt Lake City, UT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.7M in total assets. In 2025, it reported $17K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $27K.

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Geographic Focus

Where this funder awards grants

States

Cities

West Jordan

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K$20K1 grants20190 grants2020Total only20210 grants20220 grants20230 grants2024Total only2025

From 2019 to 2025, annual grant giving ranged from $5K (2021) to $17K (2025). In 2025 it reported $17K in grants paid, as a total without an itemized list.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M$4M2019202020212022202320242025
Metric202520242023
Total Assets$2,675,176$3,504,683$4,477,272
Revenue$1,542,737$2,040,810$2,950,947
Expenses$2,611,281$2,853,718$2,898,073
Net Investment Income$27,436$27,909$4,988

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS January 29, 2020)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS March 18, 2022)
  3. Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)

Leadership & Key People

Officers and directors from IRS filings

Economic Development Corp of Utah is led by Scott Cuthbertson, Former President & CEO since 2025 (on filings since 2023); 5 of 34 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Scott Cuthbertson

    Former President & CEO

    President → Former President & CEO, 2025

    On filings since 2023

    40 hrs/week

    $220K (2024) → $313K (2025)

  • Derek Miller

    President & Chief Executive Officer

    New on the 2025 filing

    4 hrs/week

    No compensation reported

  • Ryan Starks

    Executive Director

    Trustee → Executive Director, 2025

    On filings since 2024

    40 hrs/week

    No compensation reported

  • Gary Porter

    Finance Committee Chair

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Jeremy Hafen

    Board Chair

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Colby Cooley

    Senior Vice President of Operations

    Vice President of Busine → Senior Vice President & Operati, 2024

    Senior Vice President & Operati → Senior Vice President of Operations, 2025

    On filings since 2022

    40 hrs/week

    $105K (2022) → $126K (2025)

  • Erin Farr

    Deputy Director & Vice President of Business Development

    New on the 2025 filing

    40 hrs/week

    $130K (2025)

  • Gregory Bisping

    Vice President of Investor Relations

    New on the 2025 filing

    40 hrs/week

    $114K (2025)

  • Sara Adelman

    Vice President of Marketing

    New on the 2025 filing

    40 hrs/week

    $118K (2025)

  • Nathan R. Callister

    Board Past Chair

    Trustee → Board Past Chair, 2025

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Thomas Morgan

    Board Member

    Chair → Secretary, 2022

    Secretary → Board Member, 2025

    On filings since 2019

    1 hr/week

    No compensation reported

  • Dirk Burton

    Board Member

    Trustee → Board Member, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Taylor Randall

    Board Member

    Trustee → Board Member, 2025

    On filings since 2022

    1 hr/week

    No compensation reported

  • Judd Cook

    Board Member

    Vice Chair → Chair, 2024

    Chair → Board Member, 2025

    On filings since 2023

    1 hr/week

    No compensation reported

  • Richard Garlish

    Board Member

    Trustee → Board Member, 2025

    On filings since 2024

    1 hr/week

    No compensation reported

  • Amanda Covington

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Benjamin Brown

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Chloe Gehrke

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Clark Ivory

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Daniel Brimhall

    Chief Financial Officer

    New on the 2025 filing

    4 hrs/week

    No compensation reported

  • David Petersen

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Donna Milavetz

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Erin Barry

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Erin Laney Barr

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Heidi Walker

    Chief Operating Officer

    New on the 2025 filing

    4 hrs/week

    No compensation reported

  • Jonathan Hafen

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Kaitlin Eskelson

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Matt Lyon

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Natalie Gochnour

    Board Member & Chief Economist

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Nate Foster

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Rob Hitchcock

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Spencer P Eccles

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Sterling Nielsen

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Susan Robel

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (83)
  • Former: J. Steven Price (2019–2024) — Trustee
  • Former: Jill Kirsling (2019–2024) — CFO
  • Former: Matt Hirst (2020–2024) — Trustee
  • Former: Bob Stevenson (2021–2024) — Trustee
  • Former: Debbie Winn (2021–2024) — Vice Chair
  • Former: Erin Mendenhall (2021–2024) — Trustee
  • Former: Rob Moore (2021–2024) — Trustee
  • Former: Christian Gardner (2022–2024) — Trustee
  • Former: Christy Alter (2022–2024) — Trustee
  • Former: Gage Froerer (2022–2024) — Trustee
  • Former: Janice Co (2022–2024) — Trustee
  • Former: Jenny Wilson (2022–2024) — Trustee
  • Former: Ben Hart (2023–2024) — Trustee
  • Former: Larry Jensen (2023–2024) — Trustee
  • Former: Ryan Meyer (2023–2024) — Trustee
  • Former: Stephanie Frohman (2023–2024) — Senior Vice President & Strateg
  • Former: Ben Nadolski (2024) — Trustee
  • Former: Beth Holbrook (2024) — Trustee
  • Former: Brandon Gordon (2024) — Trustee
  • Former: Brennen Brown (2024) — Trustee
  • Former: Brie Davis (2024) — Trustee
  • Former: Dan Richards (2024) — Trustee
  • Former: Jason Hill (2024) — Trustee
  • Former: Michael Ambre (2024) — Trustee
  • Former: Reed Laws (2024) — Trustee
  • Former: Tom Morgan (2024) — Secretary
  • Former: Bryan Nielsen (2019–2023) — Trustee
  • Former: Tara Thue (2020–2023) — Trustee
  • Former: Carine Clark (2021–2023) — Trustee
  • Former: Daniel Hemmert (2021–2023) — Trustee
  • Former: Dawn Ramsey (2021–2023) — Vice Chair
  • Former: Gary Hoogeveen (2021–2023) — Chair
  • Former: Mike Caldwell (2021–2023) — Trustee
  • Former: Nate Callister (2021–2023) — Trustee
  • Former: Steve Starks (2021–2023) — Trustee
  • Former: Dave Woolstenhulme (2022–2023) — Trustee
  • Former: Deneece Huftalin (2022–2023) — Trustee
  • Former: James Jackson (2022–2023) — Trustee
  • Former: Noelle Cockett (2022–2023) — Trustee
  • Former: Stuart Adams (2022–2023) — Trustee
  • Former: Troy Walker (2022–2023) — Trustee
  • Former: Abby Osborne (2023) — Trustee
  • Former: Alan Matheson (2023) — Trustee
  • Former: Ari Bruening (2023) — Trustee
  • Former: Gary Coker (2023) — Trustee
  • Former: Shelley Kimberly (2023) — Trustee
  • Former: Theresa Foxley Former (2023) — President An
  • Former: Brandon Henrie (2019–2022) — Trustee
  • Former: Christopher Hilburn (2019–2022) — Vice President of Market
  • Former: Michael R. Flynn (2019–2022) — Chief Operat
  • Former: Theresa Foxley (2019–2022) — President An
  • Former: Nick Wood (2020–2022) — Trustee
  • Former: Amy Osborne (2022) — Trustee
  • Former: Juliette Tennert (2022) — Trustee
  • Former: Miles Hansen (2022) — Trustee
  • Former: Steve Ridge (2022) — Trustee
  • Former: Craig Wagstaff (2019–2021) — Trustee
  • Former: David Lang (2019–2021) — Treasurer
  • Former: Lance Bullen (2019–2021) — Trustee
  • Former: Ray Pickup (2019–2021) — Trustee
  • Former: Craig Buttars (2021) — Trustee
  • Former: Dean Cox (2021) — Trustee
  • Former: Commissioner Dean Cox (2019–2020) — Trustee
  • Former: Commissioner Jeff Hadfield (2019–2020) — Trustee
  • Former: Commissioner Shawn Milne (2019–2020) — Trustee
  • Former: Doug Welling (2019–2020) — Trustee
  • Former: Jay Francis (2019–2020) — Trustee
  • Former: Jerry Oldroyd (2019–2020) — Trustee
  • Former: Mayor Dawn Ramsey (2019–2020) — Trustee
  • Former: Mayor Jackie Biskupski (2019–2020) — Trustee
  • Former: Mayor Kurt Bradburn (2019–2020) — Trustee
  • Former: Mayor Mike Caldwell (2019–2020) — Trustee
  • Former: Mayor Richard Brunst Jr. (2019–2020) — Trustee
  • Former: Mayor Troy Walker (2019–2020) — Trustee
  • Former: Val Hale (2019–2020) — Trustee
  • Former: Commissioner Bob Stevenson (2020) — Public Vice
  • Former: Cameron Deihl (2019) — Trustee
  • Former: Cindy Crane (2019) — Board Chair
  • Former: Daniel Daines (2019) — Trustee
  • Former: Jennifer Somers (2019) — Trustee
  • Former: Lincoln Shurtz (2019) — Trustee
  • Former: Mayor Bob Stevenson (2019) — Vice Chair
  • Former: Nadia Letey (2019) — Trustee

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Scott Cuthbertson — Former President & CEO: $313KScott CuthbertsonFormer President & CEO$313KErin Farr — Deputy Director & Vice President of Business Development: $130KErin FarrDeputy Director & Vice…$130KColby Cooley — Senior Vice President of Operations: $126KColby CooleySenior Vice President of…$126KSara Adelman — Vice President of Marketing: $118KSara AdelmanVice President of Marketing$118KGregory Bisping — Vice President of Investor Relations: $114KGregory BispingVice President of Investor…$114K

The highest reported compensation on the 2025 filing was $313K, to Scott Cuthbertson (Former President & CEO). 5 officers or directors reported compensation on that filing.

Frequently asked questions about Economic Development Corp of Utah

How much does Economic Development Corp of Utah give each year?

Economic Development Corp of Utah reported $17K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants.

How large is Economic Development Corp of Utah?

Economic Development Corp of Utah reported $2.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.5M.

What is Economic Development Corp of Utah?

Economic Development Corp of Utah is a public charity focused on Community Improvement & Capacity Building, based in Salt Lake City, UT. It holds $2.7M in total assets as of 2025.

Where does Economic Development Corp of Utah operate?

Economic Development Corp of Utah has awarded grants in Utah.

What is Economic Development Corp of Utah's EIN?

Economic Development Corp of Utah's EIN (Employer Identification Number) is 74-2502619. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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